US media: over 40 million Americans due to educational liabilities, cumulative liabilities of 1.7 trillion US dollars

[Global Times Comprehensive Report] "Student Loan Crisis" has become a high -frequency vocabulary in American politicians and ordinary families. The US CNBC website reported on the 24th that more than 40 million Americans were liabilities due to education, with a total liabilities of 1.7 trillion US dollars, far more than the non -repayment credit card or car loan debt. The soaring higher education costs and the stagnant wages have led to the surge in debt that American students have worked when they graduated from universities. The White House said in a press release on the 24th of the student loan on the 24th: "According to the analysis of the Ministry of Education, the typical situation of the undergraduate of a loan is that the debt is nearly $ 25,000 when graduated."

Since 1958, the vast majority of student loans in the United States have been provided by the federal government. The CNBC website reports that thousands of students who carry loans believe that these loans are eventually plunder and deceived, bringing them heavy debt and bad employment prospects. Loan institutions that signed contracts with the US government have been accused of misleading borrowers and guided them to fall into unnecessary expensive and long -term patience. Studies have shown that student loans have hindered personal entrepreneurship, savings and house buying plans for retirement.

On the 24th, Biden announced the plan to reduce student loans in the Roosevelt Hall of the White House.

The heavy burden led many people to choose to breach contract. According to American higher education expert Mark Kanterrovitz, only about half of the borrowers in 2019 are repaying the loan, 1/4 (more than 10 million people) are in arrears or breach of contract. Apply for temporary assistance such as extension or broad limit. These severe data are equivalent to the 2007 subprime crisis. "Student loan system has collapsed." Said Bolis Yu, the policy director of the Student Protection Center.

For this stubborn problem in American society, the practice of reducing loans is considered to be cure and even worsen the problem. The New York Times reported that many economists warned that Biden's measures may encourage colleges and universities to increase tuition fees in the case of federal government billing, thereby causing destructive consequences to students and taxpayers in the future. Maryland University of Economist Melissa Cole said the industry for the chaotic situation that caused tuition fees to rise, Biden's plan was a large -scale subsidy for them.

"Will the university take the exemption of student loans as a pass to increase tuition fees?" The Fox News Network also raised this question on the 24th, and disclosed that some of the top American universities and colleges that may benefit from Biden's government policy have spent Millions of dollars lobbying education policies include issuing student loans. According to OpenSecrets data, since 2021, many well -known universities such as Yale, Harvard, and University of California have spent more than $ 130 million for educational policy lobbying. Among them, the American Medical College Association is one of the most laborious lobbyists. The association spent $ 1.964 million to lobby the US government on various initiatives, including the "Student Loan Tax Disable Act". Fox News Network criticized Biden from students' loans as a reward for political donors.

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